Donald Trump's statement regarding tariffs specifically targets critical components of the technology industry, such as chips and semiconductors.

According to the statements, he said, "We will impose a tariff of approximately 100% on chips and semiconductors."

This indicates that planned import duties, particularly against non-US manufacturers like China, will be dramatically increased.

What Does This Statement Mean?

A 100% tariff means that the tax on a product will be 100% of its value. So, $1 million worth of chip imports will also be subject to a tax on $1 million.

Such high tariffs:

Reduce the competitiveness of foreign manufacturers,

Aim to encourage domestic production. Politically, this statement is a continuation of Trump's rhetoric of "bringing back American manufacturing" and escalating the economic struggle with China.

However, it could also increase product prices because the cost of imports will be passed on to companies.
Possible Impacts

Technology production costs in the US could increase.

The global supply chain may be strained.

US technology companies may be affected.

Tensions may increase in trade relations with major manufacturers like China or Taiwan.
How do you think these statements will affect crypto assets? Please share your thoughts in the comments.
#Trump’s Tariff Policy#